OK SB653

Relieves the Oklahoma State Regents for Higher Education of responsibility for financing construction of a new Office of the State Medical Examiner building, which was previously authorized under the Master Lease Program

Authorizes the Oklahoma Capitol Improvement Authority (OCIA) to issue bonds generating net proceeds of $42 million for acquisition, construction, and improvements for the Office of the State Medical Examiner

OCIA will hold title to the property and lease it to the Office of the State Medical Examiner until bonds are retired, at which point title transfers to the Medical Examiner's office

Bonds may mature up to 30 years from the first principal maturity date and may be sold through competitive or negotiated sale

Effective date: November 1, 2013